The Marygold Companies, Inc. (NYSE American: MGLD), a global holding firm focused on financial services, reported financial results for its first fiscal quarter ended September 30, 2026, showing a sharp turnaround in profitability and revenue growth. According to the release distributed via NEWMEDIAWIRE, revenue from continuing operations rose to $9.4 million, excluding $1.5 million from New Zealand subsidiaries now classified as discontinued operations, compared with $5.2 million a year earlier. Net income from continuing operations reached $1.7 million, reversing a $0.5 million loss in the prior-year quarter. Total net income was $1.8 million, or $0.04 per share, versus a net loss of $0.4 million, or $0.01 per share, a year ago.
The standout performer was USCF Investments, the company’s largest operating unit, which saw revenue nearly double to $8.4 million from $4.3 million. Average assets under management also nearly doubled to $5.5 billion from $2.9 billion. Chief Operations Officer David Neibert attributed the growth primarily to increased activity in energy-related exchange-traded funds, driven in part by geopolitical events, including the Iran war, as well as economic uncertainty affecting inventory and demand. USCF Investments, based in Walnut Creek, California, serves as manager, operator, or investment adviser to 16 exchange-traded products trading on the NYSE Arca, and more information is available at https://www.uscfinvestments.com/.
Beyond financial services, the company’s non-financial operations, including the discontinued New Zealand businesses, were profitable in the quarter. However, the UK investment advisory businesses recorded a net loss of $0.1 million, an improvement from a $0.4 million loss a year earlier, reflecting reduced expenses after the mobile fintech banking app was put on pause. The company’s balance sheet strengthened, with cash and cash equivalents of $4.5 million, total assets of $25.4 million, and total stockholders’ equity of $20.9 million, all improved since the prior fiscal year-end.
In a significant development, CEO Nicholas Gerber noted that during the quarter the company entered a definitive merger agreement under which funds managed by Madison Dearborn Partners will acquire all outstanding shares for $2.00 per share. That price represents a 100% premium over the closing share price on September 24, 2026, the day before the announcement. The transaction is expected to close in the first half of 2027, subject to customary closing conditions. For investors, the merger offers a substantial premium, while the strong quarterly results underscore the value of Marygold’s diversified holdings, which include https://gourmetfoodsltd.co.nz/ and https://www.printstock.co.nz in New Zealand, now classified as discontinued operations, as well as www.originalsprout.com in beauty products and https://marygoldandco.uk/ in UK financial advice. The company’s overall performance and pending acquisition could have implications for the ETF industry, particularly in energy-focused products, and for the broader financial services sector. More details are available at www.themarygoldcompanies.com.
